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Sooner State Retains Wind Energy Tax Credit (Reg & Leg)
Oklahoma
Date: 2018-07-03
In Norman, the Oklahoma Senate has rejected legislation to end a state tax credit to various renewable energy providers, but primarily the wind energy industry. The tax credit, which is slated to be phased out over the next 10 years, costs state taxpayers approximately $70 million per year.

Under the current 20-year old law, electricity-generating companies earn credits of a fraction of a cent per kilowatt-hour of electricity generated with renewable technologies including wind, hydropower, solar, and geothermal energy sources. The 10 year phase-out of the tax credit began on July 1, 2017. No projects brought on line after that date are eligible for the credit. (Source: Heartland Institute, PR, 2 July, 2018)

More Low-Carbon Energy News Wind,  Wind Subsidies,  Wind Energy Incentive,  

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